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June 26, 2020 09:40 pm GMT

Luckin Coffees board is forcing out its chairman (also, chairman is forcing out the rest of the board)

Sometimes you cant just get a [L]uckin break. After announcing this morning that it is ending its fight to stay listed on Nasdaq, China-based coffee chain and delivery company Luckin Coffee announced that it is requiring that its chairman, Lu Zhengyao, resign in a filing with the SEC. Luckin Coffee will unluckinly delist from Nasdaq […]

Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/f8IfYgJmWns/

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